Good evening guys. The Pound is currently on a key support level. Looking at the 4hour candle we'll see 3 bullish exhaustion candlesticks all signaling an increase in demand. Next, I move into the 15minutes to get an optimal entry, my RSI is currently at 58.42, I'll just wait till it returns to an oversold region(below 30), this will serve as a good entry to risk 15pips, 100pips as a monthly target.
If you want to know how I draw my supply and demand zones just send me a message. Follow my page to stay updated on my daily setups and Investment opportunities.
If you want to know how I draw my supply and demand zones just send me a message. Follow my page to stay updated on my daily setups and Investment opportunities.
Note
Okay, This might Take a whileTrade active
71 PIP Profit. Still, Holding, Let's see what Monday gives us. Happy Weekend EveryoneTrade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.